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Global Angioplasty Balloons Market- Description
Angioplasty is a medical procedure that is used to open clogged or narrowed coronary arteries by using a deflated balloon attached to a catheter. Angioplasty balloons are generally balloon tipped catheters that are used in this minimally invasive medical procedure. The balloon primarily aids in the expansion of the blood vessel and the muscular wall, thus improving blood flow. As per the procedure, it is passed into the narrowed vessel in a deflated form using a guided wire, post which it is inflated to the required size.
The angioplasty balloons market refers to the global market for medical devices that are used in angioplasty procedures to treat coronary artery disease (CAD) and peripheral artery disease (PAD). Angioplasty balloons are inflatable devices that are used to widen narrowed or blocked blood vessels in the heart or other parts of the body. The procedure involves inserting a catheter with the balloon into the artery, inflating the balloon to push the plaque against the artery wall, and then deflating the balloon and removing the catheter. The market for angioplasty balloons is driven by the increasing prevalence of CAD and PAD, which are major causes of death worldwide. According to the World Health Organization, CAD is responsible for around 17.9 million deaths each year, and PAD affects around 200 million people globally. Additionally, technological advancements in angioplasty balloon design and materials, as well as increasing demand for minimally invasive procedures, are also driving the growth of the market.
The angioplasty balloons market is highly competitive and includes several major players, such as Abbott Laboratories, Boston Scientific Corporation, Medtronic, and Terumo Corporation, among others. These companies are focused on developing innovative products, expanding their geographic presence, and acquiring smaller companies to strengthen their market position. The market is also segmented based on product type, material, application, end-user, and geography. North America is currently the largest market for angioplasty balloons, followed by Europe and Asia-Pacific.
Source: WMR
Global Angioplasty Balloons Market- Overview
Global angioplasty balloons market was worth USD 2,550 million in 2022 and is anticipated to reach a valuation of USD 3,655 million in 2033, expanding at a CAGR of 3.5% over the forecast duration.
Increasing prevalence of cardiovascular and coronary diseases across the globe, rising medical research & development investments, and technological advancements in the field are fueling the progression of global angioplasty balloons market. Moreover, being a minimally invasive surgical process, it provides certain benefits like reduced pain, injury, scarring and also requires less hospitals stay and promises high accuracy and fast recovery, therefore contributing to overall market expansion. Furthermore, increasing efforts of different market players to improve their product offers is adding traction to the market growth.
On the contrary, concerns associated with the side effects of angioplasty, lack of skilled medical professionals, and increasing number of product recalls are likely to hamper market progression in the ensuing years. Alongside, a decline in the average selling price of angioplasty balloons further impeding the market progression.
Source: WMR
Global Angioplasty Balloons Market- Key Trends
Rising prevalence of cardiovascular diseases are creating new market growth prospects
There has been a steep rise in the occurrence of cardiovascular and coronary diseases among the masses on a global level. This is likely to be driven by high pollution rates and shifting trend of people towards an unhealthy lifestyle. Moreover, consumption of synthetic food ingredients is another factor leading to the prevalence of these diseases which in turn is forcing people to opt for medical procedures like angioplasty as a treatment option. Thus creating expansion avenues for this marketplace.
Development in healthcare infrastructure is further boosting market progression
With high disease rates across the globe, several governments are taking favorable initiatives to cater to the healthcare infrastructural needs in their respective nations. This has led to various public-private partnerships intended to build efficient healthcare facilities. Since procedures like angioplasty require adequate infrastructural facilities, the ongoing progression in this sector is positively swaying the market dynamics.
Global Angioplasty Balloons Market- Segment analysis
By Material
Nylon
Polyurethane
Silicone urethane co-polymers
Other
Source: WMR
By Type
Plain old balloon angioplasty
Drug coated balloon angioplasty
Cutting balloons
Scoring balloons
Stent graft balloon catherer
Drug coated balloons segment is anticipated to gain traction over the forecast period owing to numerous benefits like superior efficiency and safety. Apart from that, these balloons are also capable of improving the patients blood flow, thus assuring better medical outcomes.
By Disease
Coronary angioplasty
Venous angioplasty
Carotid angioplasty
Renal Artery angioplasty
Peripheral Angioplasty
By End User
Cardiac Catheterization Laboratories
Hospitals
Specialty Clinics
Ambulatory Surgery Centers
Diagnostic Centers
Hospitals segment is anticipated to capture a major market share over the forecast duration owing to rising availability of skilled professionals, affordability of the procedure, and advancements in healthcare.
By Application
Coronary
Peripheral
The report further assesses the mentioned segments and sub segments using proven research methodologies to determine the accurate size and scope of this business sphere over the forecast duration.
Global Angioplasty Balloons Market- Regional Analysis
Considering the regional ambit, North America, Europe, Asia Pacific, and Rest of the World are the major benefactors to global angioplasty balloons market growth. Among these, North America presently accounts for a major revenue share in the market place ascribing to presence of key industry players, surging prevalence of coronary and cardiac diseases along with rising healthcare expenditure. Citing an instance, as per the research report released by American Heart Association in 2018, 1 of every 7 deaths reported in the US that year was caused by heart disease.
Global Angioplasty Balloons Market- Competitive Landscape
Major players constituting the competitive hierarchy of this market sphere are Spectranectics Corp., Cook Medical, Inc., Cardinal Health, Johnson & Johnson, Abbott Laboratories, Becton, Dickinson, and Company, B. Braun Melsungen AG, Endocor GmbH, Medtronic Plc, Oscor, Inc, Terumo Corporation, Boston Scientific Corporation, and Biotronik.
Notably, Infinity Angioplasty Balloon Co in November 2020 announced the successful trial completion of its innovative angioplasty balloon platform named Infinity Angioplasty Balloon Catherer. The device was declared efficient to be used for treating various types of artery diseases.
Apart from that, other noteworthy players are also undertaking various strategies like mergers & acquisitions, collaboration deals, partnerships, innovative product launches, among others to strengthen their footprint in the overall market and garner significant returns.
Global Angioplasty Balloons Market- Scope
Global Angioplasty Balloons Market - Historical years- 2020-2021
Global Angioplasty Balloons Market - Forecast Years- 2023-2033
Global Angioplasty Balloons Market 2022- USD 2,550 million
Global Angioplasty Balloons Projected Market 2033- USD 3,655 million
Global Angioplasty Balloons Market CAGR-3.5%
Key segments reported-
By Product Type (normal balloons, cutting balloons, drug coated balloons, and scoring balloons)
By Application (coronary artery disease and peripheral artery disease)
By End-User (hospitals, cardiac catheterization laboratories, ambulatory surgical centers, and others
Key regions and countries covered-
North America (US and Canada)
Europe (UK, Spain, France, Italy, Germany, and Russia)
Asia Pacific (India, China, Japan, South Korea, and Australia)
Major Players Profiled- Spectranectics Corp., Cook Medical, Inc., Cardinal Health, Johnson & Johnson, Abbott Laboratories, Becton, Dickinson, and Company, B. Braun Melsungen AG, Endocor GmbH, Medtronic Plc, Oscor, Inc, Terumo Corporation, Boston Scientific Corporation, and Biotronik.
1. Global ANGIOPLASTY BALLOONS Market Introduction and Market Overview
1.1. Objective of the Market Research Study
1.2. ANGIOPLASTY BALLOONS Market Definition & Description
1.3. Research Data Parameters & Reporting Timelines
1.3.1. Historical Data Reporting Years 2020 to 2021
1.3.2. Projected Data Reporting Years 2022 to 2033
1.3.3. Reporting Data Parameters Value (US$ Million)
1.4. Global ANGIOPLASTY BALLOONS Market Scope and Market Estimation
1.4.1. Global ANGIOPLASTY BALLOONS Overall Market Size (US$ Million), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)
1.4.2. Global ANGIOPLASTY BALLOONS Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033
1.5. ANGIOPLASTY BALLOONS Market Segmentation
1.5.1. Material of Global ANGIOPLASTY BALLOONS Market
1.5.2. Type of Global ANGIOPLASTY BALLOONS Market
1.5.3. Disease indication of Global ANGIOPLASTY BALLOONS Market
1.5.4. end user of Global ANGIOPLASTY BALLOONS Market
1.5.5. Application of Global ANGIOPLASTY BALLOONS Market
1.5.6. Key Regions of Global ANGIOPLASTY BALLOONS Market
2. Global ANGIOPLASTY BALLOONS Market - Executive Summary
2.1. Global ANGIOPLASTY BALLOONS Market Summary & Snapshot
2.2. Global ANGIOPLASTY BALLOONS Market, By Material (US$ Million)
2.3. Global ANGIOPLASTY BALLOONS Market, By Type (US$ Million)
2.4. Global ANGIOPLASTY BALLOONS Market, By Disease indication (US$ Million)
2.5. Global ANGIOPLASTY BALLOONS Market, By end user (US$ Million)
2.6. Global ANGIOPLASTY BALLOONS Market, By Application (US$ Million)
2.7. Global ANGIOPLASTY BALLOONS Market, By Geography (US$ Million)
2.8. Global ANGIOPLASTY BALLOONS Market Outlook & Future Opportunities
3. ANGIOPLASTY BALLOONS Market Trends, Outlook, and Factors Analysis
3.1. Global ANGIOPLASTY BALLOONS Market Industry Development Trends under COVID-19 Outbreak
3.1.1. Global COVID-19 Status Overview
3.1.2. Influence of COVID-19 Outbreak on Global ANGIOPLASTY BALLOONS Market Industry Development
3.1.3. Pre & Post COVID-19 Trends and Scenarios
3.2. ANGIOPLASTY BALLOONS Market Dynamics (Growth Impacting Factors & Rationales)
3.2.1. Drivers
3.2.1.1. Rising prevalence of cardiovascular diseases,
3.2.1.2. Increased emphasis on medical device research and development capabilities
3.2.1.3. Rising geriatric population base
3.2.2. Restraints
3.2.2.1. High price of the surgical procedure & Clinical Risks
3.2.3. Opportunities
3.2.3.1. Rising expenditure for the development of healthcare infrastructure
3.2.3.2. An increase in the prevalence of target diseases
3.2.4. Impact Analysis of Drivers and Restraints
3.3. Ecosystem/ Value Chain Analysis
3.4. Porters Five Forces Analysis
3.5. SWOT Analysis
3.6. PEST Analysis
3.7. Average Selling Prices and Pricing Trends Analysis of ANGIOPLASTY BALLOONS Market
3.8. Technological Roadmap
3.9. Key Investment Pockets of ANGIOPLASTY BALLOONS Market
3.9.1. By Material
3.9.2. By Type
3.9.3. By Disease indication
3.9.4. By End User
3.9.5. Application
3.9.6. By Regions
4. Global ANGIOPLASTY BALLOONS Market: Estimates & Historic Trend Analysis (2020 to 2021)
4.1. Global ANGIOPLASTY BALLOONS Market, 2020 2021 (US$ Million)
4.2. Global ANGIOPLASTY BALLOONS Market, By Material, 2020 to 2021 (US$ Million)
4.3. Global ANGIOPLASTY BALLOONS Market, By Type, 2020 to 2021 (US$ Million)
4.4. Global ANGIOPLASTY BALLOONS Market, By Disease indication, 2020 to 2021 (US$ Million)
4.5. Global ANGIOPLASTY BALLOONS Market, By End User, 2020 to 2021 (US$ Million)
4.6. Global ANGIOPLASTY BALLOONS Market, By Application, 2020 to 2021 (US$ Million)
4.7. Global ANGIOPLASTY BALLOONS Market, By Region, 2020 to 2021 (US$ Million)
5. Global ANGIOPLASTY BALLOONS Market Estimates & Forecast Trend Analysis, by Material
5.1. Global ANGIOPLASTY BALLOONS Market Share (%) Estimates and Forecasts, by Material, 2022 & 2033
5.2. Global ANGIOPLASTY BALLOONS Market Revenue (US$ Million) Estimates and Forecasts, by Material, 2022 to 2033
5.2.1. nylon,
5.2.2. polyurethane,
5.2.3. silicone urethane co-polymers
5.2.4. other.
6. Global ANGIOPLASTY BALLOONS Market Estimates & Forecast Trend Analysis, by Type
6.1. Global ANGIOPLASTY BALLOONS Market Share (%) Estimates and Forecasts, by Type, 2022 & 2033
6.2. Global ANGIOPLASTY BALLOONS Market Revenue (US$ Million) Estimates and Forecasts, by Type, 2022 to 2033
6.2.1. plain old balloon angioplasty,
6.2.2. drug-coated balloon (DCB) angioplasty,
6.2.3. cutting balloons,
6.2.4. scoring balloons
6.2.5. stent graft balloon catheter.
7. Global ANGIOPLASTY BALLOONS Market Estimates & Forecast Trend Analysis, by Disease indication
7.1. Global ANGIOPLASTY BALLOONS Market Share (%) Estimates and Forecasts, by Disease indication, 2022 & 2033
7.2. Global ANGIOPLASTY BALLOONS Market Revenue (US$ Million) Estimates and Forecasts, by Segment _3, 2022 to 2033
7.2.1. coronary angioplasty,
7.2.2. venous angioplasty,
7.2.3. carotid angioplasty,
7.2.4. renal artery angioplasty
7.2.5. peripheral angioplasty.
8. Global ANGIOPLASTY BALLOONS Market Estimates & Forecast Trend Analysis, by End User
8.1. Global ANGIOPLASTY BALLOONS Market Share (%) Estimates and Forecasts, by Disease indication, 2022 & 2033
8.2. Global ANGIOPLASTY BALLOONS Market Revenue (US$ Million) Estimates and Forecasts, by Segment _3, 2022 to 2033
8.2.1. Cardiac Catheterization Laboratories,
8.2.2. hospitals,
8.2.3. specialty clinics,
8.2.4. ambulatory surgery centers
8.2.5. diagnostic centers.
9. Global ANGIOPLASTY BALLOONS Market Estimates & Forecast Trend Analysis, by Application
9.1. Global ANGIOPLASTY BALLOONS Market Share (%) Estimates and Forecasts, by Disease indication, 2022 & 2033
9.2. Global ANGIOPLASTY BALLOONS Market Revenue (US$ Million) Estimates and Forecasts, by Segment _3, 2022 to 2033
9.2.1. Coronary
9.2.2. Peripheral
10. Global ANGIOPLASTY BALLOONS Market Analysis and Forecast, by Region
10.1. Global ANGIOPLASTY BALLOONS Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033
10.2. Global ANGIOPLASTY BALLOONS Market Revenue (US$ Million) Estimates and Forecasts, by Region, 2022 to 2033
10.2.1. North America
10.2.2. Europe
10.2.3. Asia Pacific
10.2.4. Middle East and Africa
10.2.5. Latin America
11. North America ANGIOPLASTY BALLOONS Market: Estimates & Forecast Trend Analysis
11.1. North America ANGIOPLASTY BALLOONS Market Assessments & Key Findings
11.2. North America ANGIOPLASTY BALLOONS Market Share (%) Estimates and Forecasts, 2022 & 2033
11.3. North America ANGIOPLASTY BALLOONS Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
11.3.1. By Material
11.3.2. By Type
11.3.3. By Disease indication
11.3.4. By End User
11.3.5. Application
11.3.6. By Major Country
11.3.6.1. The U.S.
11.3.6.2. Canada
12. Europe ANGIOPLASTY BALLOONS Market: Estimates & Forecast Trend Analysis
12.1. Europe ANGIOPLASTY BALLOONS Market Assessments & Key Findings
12.2. Europe ANGIOPLASTY BALLOONS Market Share (%) Estimates and Forecasts, 2022 & 2033
12.3. Europe ANGIOPLASTY BALLOONS Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
12.3.1. By Material
12.3.2. By Type
12.3.3. By Disease indication
12.3.4. By End User
12.3.5. Application
12.3.6. By Major Country
12.3.6.1. Germany
12.3.6.2. The U.K.
12.3.6.3. France
12.3.6.4. Italy
12.3.6.5. Spain
12.3.6.6. Rest of Europe (includes all other European countries)
13. Asia Pacific ANGIOPLASTY BALLOONS Market: Estimates & Forecast Trend Analysis
13.1. Asia Pacific ANGIOPLASTY BALLOONS Market Assessments & Key Findings
13.2. Asia Pacific ANGIOPLASTY BALLOONS Market Share (%) Estimates and Forecasts, 2022 & 2033
13.3. Asia Pacific ANGIOPLASTY BALLOONS Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
13.3.1. By Material
13.3.2. By Type
13.3.3. By Disease indication
13.3.4. By End User
13.3.5. Application
13.3.6. By Major Country
13.3.6.1. China
13.3.6.2. Japan
13.3.6.3. India
13.3.6.4. ASEAN
13.3.6.5. South Korea
13.3.6.6. Rest of Asia Pacific (includes all other Asia Pacific countries)
14. Middle East & Africa ANGIOPLASTY BALLOONS Market: Estimates & Forecast Trend Analysis
14.1. Middle East & Africa ANGIOPLASTY BALLOONS Market Assessments & Key Findings
14.2. Middle East & Africa ANGIOPLASTY BALLOONS Market Share (%) Estimates and Forecasts, 2022 & 2033
14.3. Middle East & Africa ANGIOPLASTY BALLOONS Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
14.3.1. By Material
14.3.2. By Type
14.3.3. By Disease indication
14.3.4. By End User
14.3.5. Application
14.3.6. By Major Country
14.3.6.1. GCC
14.3.6.2. South Africa
14.3.6.3. Egypt
14.3.6.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)
15. Latin America ANGIOPLASTY BALLOONS Market: Estimates & Forecast Trend Analysis
15.1. Latin America Market Assessments & Key Findings
15.2. Latin America ANGIOPLASTY BALLOONS Market Share (%) Estimates and Forecasts, 2022 & 2033
15.3. Latin America ANGIOPLASTY BALLOONS Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
15.3.1. By Material
15.3.2. By Type
15.3.3. By Disease indication
15.3.4. By End User
15.3.5. Application
15.3.6. By Major Country
15.3.6.1. Brazil
15.3.6.2. Mexico
15.3.6.3. Rest of Latin America (includes all other Latin America countries)
16. Competitive Landscape
16.1. ANGIOPLASTY BALLOONS Market Revenue Share Analysis (%), by Major Players (2021)
16.2. ANGIOPLASTY BALLOONS Market Competition Matrix, by Leading Players
16.3. ANGIOPLASTY BALLOONS List of Emerging, Prominent and Leading Players
16.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.
17. Company Profiles
17.1. Medtronic PLC
17.1.1. Company Overview & Insights
17.1.2. Financial Performance
17.1.3. Product / Service Portfolio
17.1.4. Geographical Footprint & Share
17.1.5. Strategic Initiatives & Key Developments
*Similar details would be provided for all the players mentioned below
17.2. Spectranetics Corp.
17.3. Becton,
17.4. Dickinson and Company
17.5. Abbott Laboratories
17.6. Cook Medical, Inc.
17.7. Cardinal Health
17.8. ENDOCOR GmbH
17.9. Johnson & Johnson.
17.10. Biotronik
17.11. Boston specific Corporation
17.12. Terumo Corporation
17.13. B. Braun Melsungen AG
17.14. Others
18. Assumptions and Research Methodology
18.1. Data Mining
18.2. Secondary Research
18.3. Primary Research
18.4. Subject Matter Expert Advice
18.5. Quality Check
18.6. Final Review
18.7. Data Triangulation
18.8. Bottom-Up Approach
18.9. Top Down Approach
18.10. Research Flow
18.11. Key Insights from Industry Experts
18.12. Data Sources
18.13. Assumptions
18.14. Limitations
19. Conclusions and Recommendations
19.1. Key Research Findings and Conclusion
19.2. Key Insights & Recommendations from Analysts